Marijuana plant Ohio bill supports banking for CBD businesses.

Ohio Gov. Mike DeWine signed a bill Tuesday that will allow credit unions and other financial institutions to lawfully serve businesses that cultivate hemp and sell cannabidiol products containing the federal legal limit of no more than 0.3% of THC, the chemical that triggers marijuana’s intoxicating effects.

Marijuana products with THC levels of more than 0.3% are illegal, according the U.S. Food and Drug Administration.

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Peter Strozniak

 

Credit Union Times

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